Profund Advisors LLC raised its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 69.1% during the third quarter, Holdings Channel reports. The institutional investor owned 201,242 shares of the company’s stock after buying an additional 82,208 shares during the period. Profund Advisors LLC’s holdings in Cemex S.A.B. de C.V. were worth $1,598,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in Cemex S.A.B. de C.V. during the third quarter worth approximately $4,899,000. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Cemex S.A.B. de C.V. by 20.8% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 3,693,227 shares of the company’s stock worth $22,787,000 after buying an additional 636,825 shares during the last quarter. DSAM Partners London Ltd purchased a new position in shares of Cemex S.A.B. de C.V. during the third quarter worth $12,312,000. Bank of Montreal Can raised its position in shares of Cemex S.A.B. de C.V. by 20,654.2% in the third quarter. Bank of Montreal Can now owns 331,444 shares of the company’s stock worth $2,632,000 after buying an additional 329,847 shares during the last quarter. Finally, Brandes Investment Partners LP raised its position in shares of Cemex S.A.B. de C.V. by 3.1% in the second quarter. Brandes Investment Partners LP now owns 40,152,003 shares of the company’s stock worth $247,738,000 after buying an additional 1,193,621 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

Cemex S.A.B. de C.V. (NYSE:CX) traded down 0.75% during mid-day trading on Friday, hitting $7.97. 4,799,070 shares of the stock traded hands. The stock has a market cap of $111.88 billion, a P/E ratio of 204.36 and a beta of 1.92. Cemex S.A.B. de C.V. has a 12 month low of $3.50 and a 12 month high of $9.35. The stock has a 50-day moving average price of $8.08 and a 200-day moving average price of $7.89.

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A number of brokerages have recently weighed in on CX. Zacks Investment Research upgraded Cemex S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective for the company in a research report on Tuesday. Bank of America lowered Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 9th. Finally, HSBC upgraded Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Monday, November 14th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $8.94.

About Cemex S.A.B. de C.V.

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

5 Day Chart for NYSE:CX

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